Anyone with a lower risk tolerance who prefers a straightforward savings option.

FDIC insurance: What it is and how it protects your money Established in 1933, the FDIC is a U.S. government corporation that protects consumers’ money if a bank were to fail and close its doors.

The Federal Deposit Insurance Corp. or FDIC, is a U.S. government agency that protects savings deposits up to at least $250,000 per depositor. If a bank has FDIC insurance, it means your money is ...

The FDIC insurance coverage limit at most banks is $250,000 per depositor, per bank, per ownership category. Ownership categories include single accounts, joint accounts and trust accounts.

FDIC insurance covers CDs and other savings accounts up to $250,000 per depositor, per insured bank, per account ownership category. You should always put your money in an FDIC-insured bank.

FDIC insurance covers up to $250,000 per depositor, per FDIC-insured bank, per ownership category. Ownership categories are the way you hold money, rather than the account itself.

You can also visit the Electronic Deposit Insurance Estimator or call the FDIC Call Center at (877) 275-3342 (877-ASK-FDIC). For the hearing impaired, call (800) 877-8339.

When Catherine Bell put her money into Yotta, a fintech that promised savers a chance to win money just by saving more in its FDIC-insured accounts, it seemed like a no-brainer. The Federal ...